Quote:
Originally Posted by Detector 
One of the things about "bad credit" I've never understood is why those with bad credit pay a higher interest rate than those with good credit. I understand the "higher risk" and "reward for good financial practice" but doesn't this seem a bit like taking advantage of an alcoholic? They should of course limit the amount of credit based on credit rating, but to tack on more interest making it harder to pay back seems a bit whacked. |
For the same reason that the Hospital charges people with no insurance more than they charge people with insurance. Or for that matter, why they can charge $5 for an aspirin that is worth less than a penny.
